Block shares surge after earnings beat and increased full-year guidance
November 3, 2023
There was particularly strong growth in Block's payment platform, Cash App, and its point-of-sale suite, Square.
International
Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy
November 3, 2023
The Israel-Hamas war could significantly impact economic growth and inflation in the euro zone unless energy prices remain contained, Goldman Sachs says.
Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts ‘intense competition’
November 3, 2023
China's Nio has been hit by weak consumer sentiment in the world's second-largest economy, stiff competition and a price war started by Elon Musk's Tesla.
Humanitarian ceasefires critical to meet immense needs in Gaza
November 3, 2023
Political negotiations to get aid into Gaza have yielded results but much more is needed, including humanitarian ceasefires to ensure safe delivery of food, fuel and other essentials, senior UN officials said on Friday in a briefing to Member States in...
Sudan: Women and girls abducted, held ‘in slave-like conditions’ in Darfur
November 3, 2023
The UN human rights office (OHCHR) expressed alarm on Friday over reports that in Sudan, women and girls are being abducted, chained and held in “inhuman, degrading slave-like conditions” in areas controlled by the Rapid Support Forces (RSF) in Darfur....
World’s diverse biospheres ‘making peace with the natural world’
November 3, 2023
Spanning from city to savannah, and from mountaintops to mangroves, the world’s 748 biosphere reserves are being celebrated this Friday for their diversity and contribution to a green global future.
Ukraine: UN condemns latest wave of Russian attacks
November 3, 2023
Russia has bombarded more than 100 Ukrainian towns across nearly half of its regions in the past two days according to the Ukrainian Government, many near the frontlines.
Sharp uptick in fighting in Myanmar, UN humanitarians report
November 3, 2023
Myanmar witnessed a sharp escalation in fighting between the military and opposition groups this week fuelling a surge in new displacements, the UN humanitarian wing has said.
Explainer: How AI helps combat climate change
November 3, 2023
Artificial intelligence (AI) is already making inroads worldwide in health, education and industry, but how can this cutting-edge technology help the world combat and mitigate the effects of climate change?
Israel-Palestine crisis: ‘It’s the innocent civilians who are losing’
November 3, 2023
More funding is urgently needed for lifesaving aid in Gaza while concern is deepening over high numbers of civilians killed since the beginning of the crisis and human rights violations against Palestinians in the occupied West Bank.
World News in Brief: Protection call for refugees in Pakistan, ‘One Health’ plan launched, radio waves saving lives
November 3, 2023
UN agencies on Friday called on Pakistan to continue protecting children and families seeking safety amidst rising concerns over the Government’s new ‘Illegal Foreigners Repatriation Plan’.
Don’t trust the stock market rally, strategist warns
November 3, 2023
There remains a significant chance that the Fed will be pushed into another rate hike, one strategist warns.
Hong Kong leads gains in Asia as key economic data comes out across the region
November 3, 2023
Services purchasing managers' index data from major economies including China, India and Hong Kong are set to be released throughout the day.
SocGen Q3 earnings beat estimates as investment bank offsets French slump
November 3, 2023
France's third-biggest listed bank posted better-than-expected quarterly earnings.
Russia fumes at the West’s charm offensive in its backyard, saying it’s ‘luring’ its friends away
November 3, 2023
Russia is likely to be watching closely as Western nations try to build alliances in what has traditionally been seen as its "backyard" and sphere of influence.
Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
November 3, 2023
Wefox, which sells insurance plans online, raised $55 million in debt financing from Deutsche Bank and Unicredit, sources familiar with the matter told CNBC.
Neopets is under new management and planning a comeback in a vastly different era of gaming
November 3, 2023
World of Neopia CEO Dominic Law is aiming to revive the 24-year-old web browser game that at one point boasted an active player count of 35 million players.
Air pollution in India’s New Delhi turns ‘severe,’ some schools shut
November 3, 2023
People in New Delhi woke up to a thick layer of toxic haze on Friday, and some schools were ordered to be shut for two days.
Weak yen forces Japan to shrink historic military spending plan
November 3, 2023
The yen has lost 10% of its value against the dollar, forcing Japan to reduce its defense procurement plan, which was then-calculated to cost $320 billion.
Coal free by 2070? India’s push toward renewables won’t stop coal reliance for the next two decades
November 3, 2023
India's reliance on coal will likely continue as the country struggles to find other ways to cool homes down and keep the lights on.
Apple lacks a clear path to growth this holiday season after four straight quarters of shrinkage
November 3, 2023
Apple indicated on Thursday that it doesn't expect revenue growth in the December quarter, which is the busiest time of the year
His Job Was to Make Instagram Safe for Teens. His 14-Year-Old Showed Him What the App Was Really Like.
November 3, 2023
When a Meta security expert told Mark Zuckerberg that Instagram’s approach to protecting teens wasn’t working, the CEO didn’t reply. Now the former insider is set to tell Congress about the predatory behavior.
Bill Gross sees lower interest rates offering a tailwind to regional bank stocks
November 3, 2023
Longtime investor Bill Gross said Thursday that regional banks are poised to bounce back with the tailwind of falling interest rates.
CNBC Daily Open: A perfect day for markets and a falling Apple
November 3, 2023
It was an astounding day for markets, with everything falling into place as perfectly as investors could have hoped for. Then the Apple fell from the tree.
Apple stock dips after weak outlook for December quarter revenue
November 3, 2023
Apple reported earnings after the bell. Here are the results.
Apple Sales Decline as China Market Weighs on Earnings Report
November 3, 2023
Sales fell for the fourth straight quarter, including a decline in China that came as the company faces a broad economic slowdown in the country and new competition from rival Huawei Technologies.
Wall Street titans help to fuel Ivy League donor revolt
November 3, 2023
Billionaire Marc Rowan is calling on wealthy donors to the University of Pennsylvania to pause their contributions since the start of the Israel-Hamas war.
Amazon Executives Discussed How Its Policies Hurt Sellers, FTC Suit Says
November 3, 2023
The executives discussed how its pricing policies had a “punitive aspect” on sellers, according to internal documents quoted in newly unredacted portions of the agency’s monopoly lawsuit against the company.
Can a $400 Box Keep Your Packages Safe from Porch Pirates?
November 3, 2023
Nearly 1 in 7 Americans had a package stolen from their homes in the first 10 months of 2022. This holiday season, some are using smart-yet-ugly lockboxes to protect their purchases.
Ferrari again raises guidance as customers opt for high-priced, personalized sports cars
November 3, 2023
Ferrari raised guidance after its third-quarter profit surged 46% year over year. Its customers continue to load up their new Ferraris with expensive options.
Israel-Palestine crisis: Gaza’s north cut off from aid; death toll rising
November 2, 2023
The number of people killed in Gaza is nearing the 9,000 mark amid mounting concerns over the aftermath of Israeli airstrikes on a densely-populated refugee camp near Gaza City, while a key hospital has stopped operations and UN humanitarians are unabl...
General Assembly votes overwhelmingly against US Cuba embargo
November 2, 2023
The UN General Assembly on Thursday voted by a large margin against the United States’ economic and trade embargo against Cuba, first imposed in 1960. A total of 187 States voted for the resolution put forward each year against the embargo with only th...
Day highlighting journalists under fire focuses on protection during elections
November 2, 2023
New data from the UN Educational, Scientific and Cultural Organization (UNESCO) has revealed a worrying rise in violence against journalists during election periods, and usually at the hands of law enforcement agents.
World News in Brief: Russia pulls out of nuclear test ban treaty, climate ‘health crisis’, pushback against bullying
November 2, 2023
Russia on Thursday announced it was revoking its ratification of the UN-backed Comprehensive Nuclear Test Bank Treaty (CTBT), after the Russian Duma passed legislation last month.
Iran urged to end new rights clampdown following teenage girl’s death
November 2, 2023
Iran must end policies and practices “which amount to total impunity for acts of gender persecution against women and girls”, a group of experts appointed by the UN Human Rights Council said on Thursday.
At UK’s AI Summit, Guterres says risks outweigh rewards without global oversight
November 2, 2023
The UN Secretary-General on Thursday stressed that global oversight of emerging artificial intelligence (AI) technology should be based on the UN Charter’s core principles and ensure full respect for human rights.
Climate action: ‘Take steps to close the adaptation gap, now’
November 2, 2023
Instead of accelerating to meet the challenge of rising emissions, progress on climate adaptation is slowing across the board, a new report published on Thursday by the UN’s environment agency finds.
Fake Nudes of Real Students Cause an Uproar at a New Jersey High School
November 2, 2023
After boys shared faked pornographic images made of female classmates, both the school and the local police began investigating.